UniSuper Management Pty Ltd Has $38.14 Million Stock Holdings in Starbucks Corporation $SBUX

Key Points

• UniSuper Management Pty Ltd increased its stake in Starbucks by 1.0% during the first quarter, now owning approximately 388,802 shares worth $38.14 million.
• Analysts have set varied target prices for Starbucks, with Loop Capital at $165.00 and Bank of America at $110.00, while the average target price is around $104.40 with a "Moderate Buy" rating.
• Starbucks recently announced a quarterly dividend of $0.61 per share, yielding 2.9%, though its dividend payout ratio is notably high at 105.17%.

UniSuper Management Pty Ltd raised its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 388,802 shares of the coffee company's stock after acquiring an additional 3,896 shares during the period. UniSuper Management Pty Ltd's holdings in Starbucks were worth $38,138,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new stake in Starbucks in the 4th quarter valued at approximately $25,000. Hughes Financial Services LLC bought a new stake in Starbucks in the 1st quarter valued at approximately $27,000. McClarren Financial Advisors Inc. bought a new stake in Starbucks in the 1st quarter valued at approximately $29,000. Activest Wealth Management lifted its stake in Starbucks by 78.0% in the 1st quarter. Activest Wealth Management now owns 331 shares of the coffee company's stock valued at $32,000 after acquiring an additional 145 shares in the last quarter. Finally, Ball & Co Wealth Management Inc. bought a new stake in Starbucks in the 4th quarter valued at approximately $41,000. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Down 0.4%

Shares of SBUX stock traded down $0.36 during trading on Tuesday, reaching $83.81. 8,621,881 shares of the company's stock were exchanged, compared to its average volume of 7,764,335. The stock has a market capitalization of $95.27 billion, a PE ratio of 36.13, a PEG ratio of 5.01 and a beta of 1.00. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46. The firm's fifty day moving average price is $91.17 and its 200-day moving average price is $91.29.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.14). The business had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The firm's revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. As a group, analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.9%. Starbucks's payout ratio is presently 105.17%.

Analysts Set New Price Targets

SBUX has been the topic of several recent analyst reports. Citigroup lowered their price target on Starbucks from $100.00 to $99.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Robert W. Baird raised Starbucks from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $100.00 to $115.00 in a research report on Tuesday, August 12th. Barclays boosted their price target on Starbucks from $106.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their price target on Starbucks from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Guggenheim boosted their price target on Starbucks from $79.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Starbucks has an average rating of "Moderate Buy" and a consensus price target of $104.40.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.